“The proposals – as discussed by the SEC – appear to be a step forward for investors.

The Financial Planning Coalition looks forward to thoroughly reviewing each of the three proposals in great detail and providing input to the commission informed by CFP Board’s recently approved new Standards of Conduct and Code of Ethics.

We appreciate the opportunity to comment on these proposals and will make recommendations to strengthen them in keeping with what consumers expect and deserve – a fiduciary standard requiring financial professionals to put their clients’ interest first when providing financial advice.”